Properties / 31 W PASADENA Avenue
FHA ASSUMABLERate: 6.5%

31 W PASADENA Avenue

$376,000
Phoenix, AZ 85013
2 beds3 baths1,077 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$130,830 interest already paid off
Estimated Loan Balance$85,694
Cash to close$291,051
Est. Monthly PITI$1,188
Initial Loan Amount$132,254
Time on site50 days
Remaining Term12 years, 3 months
Seller's equity (what you pay)
$290,306
Cash or secondary financing
Monthly savings
$1,370
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Welcome to your dream home in one of Phoenix's most desirable uptown communities! This beautifully appointed condo offers the perfect blend of modern comfort, prime location, and intimate community living. Nestled in a boutique complex of just 16 units, you'll enjoy the rare combination of privacy and friendly neighbors in a peaceful setting. Property Highlights: Location, Location, Location: Walkable community with everything at your doorstep Minutes from shopping, dining, entertainment, and recreation Easy access to all urban amenities while maintaining a serene residential feel Comfort & Quality: Recently upgraded 2-year-old air conditioning system for worry-free Arizona summers High-end en-suite bathrooms featuring premium fixtures and finishes. Thoughtfully designed living spaces perfect for modern lifestyles Community Features: Quaint 16-unit complex ensuring privacy and tranquility Welcoming, friendly neighbors create a true sense of community Community pool Quiet, well-maintained property Perfect For: Professionals seeking walkability and convenience Those who value quality finishes and modern updates Anyone looking for a true community feel in an uptown setting Don't miss this rare opportunity to own in one of Phoenix's most sought-after neighborhoods.

How assumption works for this home

Can I assume this FHA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.

How much cash do I actually need?

You need to cover the seller's equity of $290,306. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms2
Bathrooms3
Square feet1,077
Property typeSingle Family
MLS #7052611
CountyMaricopa County
Assumable loanFHA
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Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$847/mo
Source est. payment (PITI)
$1,188/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$290,306

Asking price minus remaining loan balance. Closing costs are additional.

$0$290,306
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.